Euro futures held near 7-week highs ahead of key CPI and PPI data.

Dan Deming from KKM Financial analyzes FX markets as Euro futures trade slightly lower but hold near their recent seven-week highs. Market action remains quiet and range-bound across major currency pairs as traders await crucial Wednesday CPI and Thursday PPI inflation data. Deming also notes tight trading ranges in metals, slight selling pressure in equities, and higher prices on the back end of the Treasury curve, emphasizing that upcoming inflation numbers and their interpretation by the Fed will be the primary catalyst for the week.